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Summary

* Indian markets closed on a positive note where buying was mainly seen in FMCG, IT, Banking sectors. Nifty Apr Future closed at 17763.90 (up 106.60 points) at a premium of 20.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 412.27 Cr and were net buyers in index futures to the tune of 1132.22 Cr.

* India VIX increased by 0.32% to close at 11.67 touching an intraday high of 12.21.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen at 17800, 17700, 17600 strike Puts and at 18000, 17900, 17800 strike Calls indicating that the index is likely to remain positive in the near term.

* Highest OI build-up is seen at 18000 strike Calls and 17000 strike Puts, to the tune of 15.09mn and 17.10mn respectively.

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain positive during the day.

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